Nicholas Del Deo
MoffettNathanson LLC

All right. Well, good morning, everyone. Thanks for joining us for the second day of the MoffettNathanson Media, Internet & Communications Conference. I'm Nick Del Deo, and I'm thrilled to be joined by Rod Smith, EVP and CFO of American Tower.

Rodney Smith
Executive VP, CFO & Treasurer

Good morning, everyone. Thanks for joining so early in the morning. Yes.

Nicholas Del Deo
MoffettNathanson LLC

Thanks for joining us, Rod. Appreciate it.

Rodney Smith
Executive VP, CFO & Treasurer

Welcome. Happy to be here.

Nicholas Del Deo
MoffettNathanson LLC

Yes. So listen, I want to start with an interesting comment that Steve made on your earnings call a couple of weeks ago. He said, "I believe that American Tower is on its strongest strategic footing in at least a decade." It's a pretty strong statement. So I wanted to know if you could expand on what he means by that.

And more importantly, what it means for the company and for its investors prospectively.

Rodney Smith
Executive VP, CFO & Treasurer

Yes, it's a great question, great way to start this morning. And I would say 2 things on the outset. One is the genesis and the basis for that comment is, number one, American Tower has never been stronger, and I'll explain what that means to us. And that's also combined with just a great set of opportunities. And you take that strength and put it up against the opportunities, and we do think it is amongst, if not the most, compelling strategic framework that we've had at American Tower.